Wealthsimple Trade Gic

What Exactly is Wealthsimple?

Wealthsimple is a simple to use Canadian online investing, stock and crypto trading platform that sets itself apart from its competitors by charging no fees.

A fintech business founded in the Autumn of twenty fourteen exclusively as a robo-advisor trading app called Wealthsimple Invest, it has grown significantly over the last 8 years to include Wealthsimple Trade, a zero fees discount brokerage app.

Does Wealthsimple Trade Charge Any Kind of Fees?

Wealthsimple Trade lets consumers to trade both single stocks and also ETFs without having to pay commissions. The exception is when trading stocks and ETFs which are listed in USD currency. In this case, they do charge a currency conversion fee when buying and selling. However, past us are the times of paying $7-12 per each trade with online discount brokerages as was expected only a few years past.

Exactly How Much Cash do I Need to Have to Start Investing on Wealthsimple Trade?

Wealthsimple is unique such that they allow investors to make a minimum deposit of only $1. The majority of traditional banks and brokerages have large initial deposit amounts of 1k-5K. This makes it hard for the everyday investor to start. With Wealthsimple Trade, you won’t have to already be wealthy to get started with trading stocks and ETFs.

But Does Wealthsimple Trade Offer RRSP Accounts?

Yes. Wealthsimple Trade has registered and non-registered account types. You may select both RRSP and TFSA accounts during the setup phase.

But Does Wealthsimple Trade Offer a Mobile Application?

Yes, Wealthsimple Trade offers a modern mobile app available on IOS and Google Play. The mobile app makes the registration phase and trading of stocks and ETFs a breeze.

So Is Wealthsimple Trade Legit?

For sure. Wealthsimple Trade is safe. Wealthsimple boasts in excess of 15 billion CAD in Assets Under Management . These folks have been doing business for more than 7 years and now employs roughly 600 folks. The main shareholder is the admired publicly traded Canadian conglomerate Power Corp of Canada. Weapthsimple Trade is the very first no-fees digital discount brokerage to operate in Canada.

So How Does One Add Money to a Wealthsimple Trade Account?

The Wealthsimple Trade smartphone app makes it incredibly straight forward to deposit to your account. Just connect a chequing or savings account with your Trade account, and then add funds to your account in only a couple of steps. Deposits from banks to Wealthsimple typically take a couple of days. Funds can just as easily be moved to your chequing or savings accounts through the exact same process.

What Other Benefits and Products Are Offered by Wealthsimple?

Wealthsimple Cash – This is equivalent to e-Transfers that allows anyone to quickly and easily send money to friends and family in Canada.

Wealthsimple Tax – Everything you’ll need to get ready for tax season and file your tax return online free. It’s advertised to be easy, accurate and always totally free tax return filing.

Wealthsimple Spend – A hybrid prepaid debit card and savings product that lets you to get 1% cashback on all your everyday purchases, and also earn a very competitive 1.5% interest rate on savings.

Personal Finance 101 – Wealthsimple’s free personal finance education platform which offers a variety of courses on topics like saving, investments, crypto, mortgages and much more.

All of the mentioned products, along with Wealthsimple Trade can be found on the mobile app and at the website with your Wealthsimple login.

So How Can I Begin With Wealthsimple Trade?

Click here to register for your Wealthsimple Trade account. As an exclusive registration bonus offer to our audience you will receive the equivalent cash value of a stock worth up to $4,500 Canadian when you deposit to your account.

But What if I Still Have Questions Concerning Wealthsimple Trade Gic?

If this review hasn’t answered all of your questions, and you’re browsing for more answers about Wealthsimple Trade Gic, visit the Wealthsimple website for answers to every one of your questions.